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Title: Jobless Recovery and Sectoral Skill-Biased Structural Change

Citation Type: Miscellaneous

Publication Year: 2014

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Abstract: This study models the jobless recovery phenomenon, based on four stylized facts concerning both aggregate and goods sector employment and indicating a post-1990 skill-biased structural change in the service sector. This structural change prevents unemployed goods sector workers from relocating to the service sector, causing a sluggish recovery in aggregate as well as goods sector employment. A two-sector model is developed where the structural change is incorporated via a labor adjustment cost and a reallocation shock. The model successfully generates a jobless recovery.

Url: http://www.carolcui.com/research/Sector Jobless Recovery.pdf

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Authors: Cui, Carol

Publisher: California State University, Los Angeles

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure

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